REDUCTION OF CURRENCIES. RULES, FOR reducing the Currencies of the several United States into Federal Money. CASE I. To reduce the currencies of the different states, where a dollar is an even number of shillings, to Federal Money. They are New-England, Virginia, Kentucky, and RULE. New-York, and Į 1. When the sum consists of pounds only, annex a cypher to the pounds, and divide by half the number of shillings in a dollar; the quotient will be dollars.t 2. But if the sum consists of pounds, shillings, pence, &c. bring the given sum into shillings, and reduce the pence and farthings to a decimal of a shilling; annex said decimal to the shillings, with a decimal point between, then divide the whole by the number of shillings contained in a dollar, and the quotient will be dollars, cents, mills, &c. *Formerly the pound was of the same sterling value in all the colonies as in Great-Britain, and a Spanish Dollar worth 456-but the legislatures of the different colonies emitted bills of credit, which afterwards depreciated in their value, in some states more, in others less, &c. Thus a dollar is reckoned in N. Carolina. S: Adding a cypher to the pounds, multiplies the whole by 10, bringing them into tenths of a pound; then because a dollar is just three-tenths of a pound N. E. currency, divi'ding those tenths by 3, brings them into dollars, &c. See Note, page 85. EXAMPLES. 1. Reduce 75l. New-England and Virginia Currency, to Federal Money. S)730 $ cts. $243-243 33 [federal money. d. 2. Reduce 451. 15s. 7d. New-England currency, to 20 A dollar-6)915,625 $152,604+ Ans. 12)7,500 ,625 decimal. 2 3 NOTE. 1 farthing is ,25) which annex to the pence, ,50and divide by 12, you will ,75 have the decimal required. 3. Reduce 345l. 10s. 114d. New-Hampshire, &c. currency, to Spanish milled dollars, or federal money. £345 10 113 20 6)6910,9375 $1151,8229+ Ans. d. 12)11,2500 ,9375 decimal. 4. Reduce 105l. 14s. 34d. New-York and North-Caro hina currency, to federal money. £105 14 32 5. Reduce 4311. New-York currency to federal money. This being pounds only.* 4)4310 $cts. Ans. $10771=1077,50 *A dollar is 8s. in this currency-,4 of a pound; therefore, multiply by 10, and divide by 4, brings the pounds into dollars, &c. 6. Reduce 28. 11s. 6d. New-England and Virginia currency, to federal money. Ans. $95,25cts. 7. Change 4651. 10s. 8d. New-England, &c. currency, to federal money. Ans. 81545, 11cts. 1m.+ 8. Reduce 35%. 19s. Virginia, &c. currency, to federal Ans. $119, 83cts. 3m.+ money. 9. Reduce 214l. 10s. 7d. New-York, &c. currency, to federal money. Ans. $536, 32cts. 8m.+ 10. Reduce 304l. 11s. 5d. North-Carolina, &c. currency, to federal money. Ans. $761, 42cts. 7m.+ 11. Change 219l. 11s. 73d. New-England and Virginia currency, to federal money. Ans. 8731,94cts.+ 12. Change 2411. New-England, &c. currency, into federal money. Ans. $803, 33cts. ney. 13. Bring 201. 18s. 53d. New-England currency, into dollars. Ans. 869, 74cts. 64m.+ 14. Reduce 4687. New-York currency, to federal moAns. 1170 15. Reduce 17s. 93d. New-York, &c. currency, to dollars, &c. Ans. $2, 22cts. 6,5m.+ 16. Borrowed 10 English crowns, at 6s. 8d. each, how many dollars at 6s. each, will pay the debt? Ans. 11, 11cts. 1m. NOTE.-There are several short practical methods of reducing New-England and New-York currencies to Fed, eral Money, for which see the Appendix. CASE II. To reduce the currency of New-Jersey, Pennsylvania, Delaware and Maryland, to Federal Money. RULE. Multiply the given sum by 8, and divide the product by 3, and the quotient will be dollars, &c.* EXAMPLES. 1. Reduce 2451. New-Jersey, &c. currency, to federal money. £245x8-1960, and 1960-÷3-86554-8653, 354cts. NOTE. When there are shillings, pence, &c. in the *A dollar is 7s. 6d.=90d. in this currency=203 of a pound; therefore, multiplying by 8, and dividing by 3, gives the dollars, cents, &c. given sum, reduce them to the decimal of a pound, then multiply and divide as above, &c. 2. Reduce 36l. 11s. 8d. New-Jersey, &c. currency, to federal money. £36,5854 decimal value. 8 CASE III. SS4 40 265 00 5 + 266 66 6+ 67 14 4 2 36 6,6 To reduce the currency of South-Carolina and Georgia, to federal money. RULE. Multiply the given sum by 30, and divide the product by 7, the quotient will be the dollars, cents, &c.* EXAMPLES. 1. Reduce 100l. South-Carolina and Georgia currency, to federal money. 100l. ×30=3000; 3000÷7=$428,5714 Ans. 2. Reduce 54l. 16s. 944. Georgia currency, to federal 54,8406 decimal expression. money. 30 *4s. 8d. or 56d to the dollar of a pound; = erefore x30÷7. To reduce the currency of Canada and Nova-Scotia, to Federal Money. Multiply the given sum by 4, the product will be dollars. NOTE. Five shillings of this currency are equal to a dollar; consequently 4 dollars make one pound. EXAMPLES. 1. Reduce 125l. Canada and Nova-Scotia currency, to federal money. 125 Ans. $500 2. Reduce 55l. 10s. 6d. Nova-Scotia currency, to dol55,525 decimal value. lars. For reducing the Federal Money to the currencies of the several United States. To reduce Federal Money to the currency of New-England, Virginia, Kentucky, and Tennessee RULE. Multiply the given sum by 3 and the product will be pounds and decimals of a pound. |